Recode Decode: Ray Dalio, author, 'Principles: Life and Work'

Decoder with Nilay Patel

Vox Media Podcast Network

Technology, Business

4.3 • 3.2K Ratings

🗓️ 6 November 2017

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Ray Dalio, the founder of the world's largest hedge fund Bridgewater Associates, talks with Recode's Kara Swisher about his new book, "Principles: Life and Work." In it, he lays out how he makes smarter decisions based on clearly articulated criteria and how that process has worked on a massive scale at Bridgewater, which Dalio describes as an "idea meritocracy." At the controversial hedge fund, every conversation is recorded for anyone to consult, and every decision is compared against the employees' transparent histories of successes and defeats. Dalio also talks about why independent thinking is the most important principle, how tech companies can apply Bridgewater's formula and why the biggest issue facing America may be the fragmentation between the top 40 percent of the economy and bottom 60 percent: Perfect breeding grounds for a populist president like Donald Trump. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Today's show is brought to you by M Particle.
0:03.0	It's the only customer data platform built to address modern data challenges.
0:07.0	For most brands today, customer interactions are spread across a lot of connected devices.
0:11.0	And that makes it tough to create optimal experiences and drive the right marketing outcomes.
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0:35.0	as well as more relevant ads across all channels and partners.
0:39.0	Visit mparticle.com to learn how mparticle can help your business unify the customer experience and accelerate growth.
0:46.0	Today's show is sponsored by GoCD, a continuous delivery server built by ThoughtWorks.
0:51.0	GoCD helps your team release software more frequently, consistently, and reliably.
0:55.0	Download and use GoCD for free.
0:58.0	Visit GoCD.org slash Recode.
1:03.0	Recode Radio presents Recode Decode, coming to you from the Vox Media Podcast Network.
1:10.0	Hi, I'm Cara Swisher, Executive Editor of Recode.
1:13.0	And you're listening to Recode Decode, a podcast about tech and media's key players, big ideas,
1:17.0	and how they're changing the world we live in.
1:19.0	You can find episodes of Recode Decode on Apple Podcasts, Spotify, Google Play Music,
1:23.0	or wherever you listen to your podcasts, or just visit recode.net slash podcasts for more.
1:29.0	Today in the Red Chair is Ray Dalio, the co-chairman of the hedge fund Bridgewater Associates,
	...

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